FXDD was established in the year 2003 in New York and is a retail ECN broker. They are said to have a fixed spread but when the market is very volatile during a news event, the spread may become variable as FXDD is an ECN broker. They offer 20 currency pairs to trade in on 5 different trading platforms. The clients have the flexibility of choosing any platform they want to trade in. The website of FXDD is very easy to navigate and is available in multiple languages. The website contains information on all the five different trading platform and their features are also compared making it easy for the traders to decide on the platform which will suit their need. The MetaTrader platform has a minimum deposit of $250 whereas the Powertrader platform requires the minimum deposit of $25000 and is mainly for institutional traders. The clients are also allowed to trade in Gold and Silver.
FXDD also provides free demo accounts and all the five platforms which are easily downloadable. FXDDauto trader is allowed to those traders who choose signal providers and then automatically start trading with the trade account automatically. Mobile trading is also available to the clients of the FXDD and is a boon for all those who like to be trading even when on the move. This facility is available on all smart phones and iPhones. The customer service provided by FXDD is decent and they also provide tutorial and training on Forex trading. They also conduct seminars around US for a fee which is very small. The customer support is very responsive and is available in many languages. The service is available as live chat to all their customers. With many trading platforms to choose and excellent customer service this broker is a very good choice.
The review of FXDD shows that it has hundreds of happy customers and reading them can give you an insight into the performance of the company and its services. The spread on the investment is fixed which helps in getting more returns on their investment. The choice of 5 different platforms to its trader is liked by many. There are many payment options which make deposit and withdrawal of money easy and hassle free. They allow trading only in Forex and the leverage on this is 1:200. One of the advantages of this company is that it allows US traders to trade with their accounts. Some of the disadvantages of trading with FXDD is that there platform requires time to understand and know their working. The help section of the platform is mediocre. If you want to open an account with FXDD the application process will require one day to get completed. The reviews have also shown that there requites which result in losses. However, the overall reviews have been positive and most of the traders recommend them for trading. The average rating conferred upon them by most of the reviewers is 5.6 out of 10.» Sign up now